Coinspeaker
Bitcoin Price Eyes $44K Mark as Crypto Market Cap Is Close to $1.7T
Bitcoin (BTC) price rebounded from some of its losses from yesterday, edging close to the $44,000 level early Thursday morning. Recall that on Wednesday, US stocks recorded an unexpected drop that saw the S&P 500 index closing 1.42% lower on the day.
This drop, albeit unsurprisingly, was enough to impact riskier assets like Bitcoin and the rest. And as a result, the broader market immediately went into a decline with major tokens taking significant hits.
Solana (SOL) and Avalanche (AVAX), for example, have recently been in the news for their high performance and massive gains. However, both also plunged on Wednesday, as a further indication of the widespread impact of the US stocks drop.
When Bitcoin Gains Other Tokens Follow
Barely 24 hours later, Bitcoin has returned to its green zone. As a fact, it may have also given the signal to other tokens as the broader market climbed in early Asian hours Thurs
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